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BoB Declares RCom & Anil Ambani as Fraudulent
Millennium Post Delhi
|Delhi 06 September 2025
The account was designated a non-performing asset (NPA) on June 5, 2017
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NEW DELHI: Bank of Baroda (BoB) has declared the loan account of Reliance Communications (RCom) and its former director Anil Ambani as fraudulent, joining SBI and Bank of India, which had earlier taken similar action.
The classification, communicated through a letter dated September 2, cites alleged misutilisation of loans granted more than a decade ago.
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